Tesla, Inc. (NASDAQ:TSLA) Stock Holdings Cut by Oder Investment Management LLC

Oder Investment Management LLC cut its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 0.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,261 shares of the electric vehicle producer’s stock after selling 43 shares during the period. Tesla makes up 4.1% of Oder Investment Management LLC’s holdings, making the stock its 5th biggest holding. Oder Investment Management LLC’s holdings in Tesla were worth $4,951,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Principal Financial Group Inc. lifted its stake in Tesla by 5.6% during the 3rd quarter. Principal Financial Group Inc. now owns 3,650,393 shares of the electric vehicle producer’s stock worth $955,052,000 after acquiring an additional 194,796 shares in the last quarter. M&T Bank Corp lifted its position in shares of Tesla by 13.3% during the third quarter. M&T Bank Corp now owns 341,442 shares of the electric vehicle producer’s stock worth $89,332,000 after purchasing an additional 39,961 shares in the last quarter. McIlrath & Eck LLC boosted its stake in shares of Tesla by 6.0% in the third quarter. McIlrath & Eck LLC now owns 3,401 shares of the electric vehicle producer’s stock valued at $890,000 after purchasing an additional 192 shares during the period. Advisory Resource Group grew its holdings in shares of Tesla by 1.2% in the third quarter. Advisory Resource Group now owns 4,260 shares of the electric vehicle producer’s stock valued at $1,115,000 after purchasing an additional 50 shares in the last quarter. Finally, Morse Asset Management Inc increased its stake in Tesla by 46.0% during the 3rd quarter. Morse Asset Management Inc now owns 8,712 shares of the electric vehicle producer’s stock worth $2,279,000 after buying an additional 2,743 shares during the period. 66.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on TSLA shares. Canaccord Genuity Group reiterated a “buy” rating and issued a $404.00 price objective on shares of Tesla in a research note on Monday, March 17th. Robert W. Baird decreased their target price on Tesla from $440.00 to $370.00 and set an “outperform” rating for the company in a research note on Thursday, March 6th. Oppenheimer reiterated a “mixed” rating on shares of Tesla in a research note on Tuesday, March 18th. Cantor Fitzgerald reiterated an “overweight” rating and set a $425.00 price target on shares of Tesla in a research note on Thursday, April 3rd. Finally, Guggenheim decreased their price objective on shares of Tesla from $175.00 to $170.00 and set a “sell” rating for the company in a research note on Wednesday, March 12th. Eight equities research analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $298.59.

Insider Transactions at Tesla

In other news, CFO Vaibhav Taneja sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $250.00, for a total transaction of $1,000,000.00. Following the completion of the transaction, the chief financial officer now directly owns 26,950 shares of the company’s stock, valued at $6,737,500. This trade represents a 12.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director James R. Murdoch sold 54,776 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $240.79, for a total value of $13,189,513.04. Following the completion of the sale, the director now directly owns 477,011 shares in the company, valued at approximately $114,859,478.69. The trade was a 10.30 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 374,228 shares of company stock valued at $123,791,123 in the last 90 days. 20.70% of the stock is currently owned by insiders.

Tesla Trading Down 0.2 %

Shares of Tesla stock opened at $251.96 on Friday. The company has a 50-day moving average of $285.19 and a two-hundred day moving average of $323.09. The stock has a market cap of $810.42 billion, a PE ratio of 123.51, a price-to-earnings-growth ratio of 5.86 and a beta of 2.58. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a 12-month low of $138.80 and a 12-month high of $488.54.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings data on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.08). Tesla had a return on equity of 10.31% and a net margin of 7.26%. On average, research analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Tesla Profile

Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, body shop and parts, supercharging, retail merchandise, and vehicle insurance services.